San Jose #SNJ125


CPA firm for Sale in San Jose, CA. This firm has been in business for approximately 40 years and the Seller is ready to prepare for retirement. The Seller is available to continue working with the Buyer, on a part time or seasonal basis for at least the next year, if assistance is needed. This firm has been operating from its current location for 30 years and retaining the same space, or an office in the vicinity, will be important for client retention (The approximate office location is provided on the Practice Profile). Annual gross revenue of $743,000 is derived from approximately 859 individual tax returns with an average fee of $524, plus 182 entities with an average fee of $748 (detailed breakdown below), along with $123k in accounting revenue from bookkeeping and payroll services.. Approximately 50% of clients like to come in for an appointment, while 45% drop-off their documents and the remaining 5% mail-in. The firm employs 2 full-time, 1 part-time, and 1 seasonal staff members who are likely to remain after the sale. The Seller’s ideal Buyer is an EA or CPA with deep experience in both accounting and tax who has at least 10 years of working experience. To ensure a smooth client transition, the Buyer should also be personable, trustworthy, and great at communicating with clients. Firm uses Lacerte, ShareFile & Quickbooks.

Much more information is available on the Practice Profile, including a more in-depth breakdown of the staff & financials. Please log-in to your account for immediate access including the ability to download the Practice Profile pdf and update your distance preference.

If you don’t have an account, please complete the Buyer Profile and NDA online (It will take less than 2 minutes). Once that form is submitted your account will be created and you can download the practice profile immediately. If you’ve already completed the Buyer Profile and NDA then you can log-in to our website using your email and created password (or use the forgot password link to reset password) and download this profile.

Price

$775,000

Status

Sale Pending

Business Type

CPA Firm

Gross Revenue

$743,023

Net + Discretionary

$365,959

Tax Prep Income

$619,265

Accounting Income

$108,522

Other Income

$15,236

Individual Clients

859

Average Fee

$524

Entity Clients

182

Average Fee

$931

Revenue Breakdown

Entity Average Fee Breakdown:
1120 - 14 @ $1,134 avg. fee
1120S - 41 @ $1,517 avg. fee
1065 - 45 @ $826 avg. fee
1041 - 61 @ $502 avg. fee
990 - 20 @ $883 avg. fee
706 - 1 @ $6,000 avg. fee

Accounting Service Breakdown:
Monthly Bookkeeping - 8
Semi-Annual Bookkeeping - 1
Annual Bookkeeping - 3
Payroll - Live - 14
Payroll - After-the-fact - 2

Other Services:
Quarterly Sales Tax - 4
571-L - 22
Misc, Consulting & Tax Planning

Please complete the Buyer Profile and NDA to instantly receive additional information. Once the webform has been submitted you will be redirected to webpage where you can download the Practice Profile pdf for any practice(s) you are interested in. If you previously submitted a buyer profile and NDA with us you can resubmit to be added to our new download system, or contact us for the Practice Profile. You can come back anytime to log in with your username and password and download additional practice listings. Please contact us at (855) 428-2225 or via email at steve@atbcal.com.